It's an unfortunate fact of life that all lives must come to an end at some point in time or other. The issue is that when a person's life comes to an end they generally leave family members behind. It is our loved ones that we ought to be thinking of when it comes to considering our passing, not really how we will feel about it. There are plenty of things that the friends and family will have to deal with and worrying about how to pay for your funeral service shouldn't be among them.
That's where funeral service insurance coverage comes into play. Funeral cover is there to give your family and friends the actual financial help that they're going to need to cover the cost of your own funeral service. If you think about what some people wind up having to pay for funerals and memorials this is definitely a great type of insurance to have. This is a look at the way it actually works. For more information on insurance for accident go to https://www.instantlife.co.za.
Most forms of funeral service insurance are rather cheap. You can get a few tens of thousands of cover for under a hundred rand per month in rates. The amount that you pay will generally be based on your age and some other risks, however, you will not be assessed in quite the same way as you would if you were applying for life insurance or critical illness cover. The requirements are a lot looser.
After you have begun to pay your premiums there will generally be a couple of months waiting period. The period will differ from policy to policy and you also need to read the small print of your policy documentation to figure out how long you will need to wait prior to being covered. As soon as that waiting period is done you can relax and just need to ensure that you pay all your premiums.
When you pass away your spouse or family friend will need to present the insurer with a death certificate. This will prove to the insurance company that you have indeed passed away and they have to pay out the value of your policy. They'll generally do so within a few days of being presented with the certificate. This will likely then enable your loved ones to plan and schedule your own funeral without having to worry about the way they are going to pay for it. You might want to specify who to make the actual payment to though. It varies from policy to policy.
As you can tell, a funeral service policy is a great idea as it can save your family members lots of stress and permit them to get on with the actual grief process without having to be worried about how they are going to pay for your funeral. Your passing will be tragic enough and you don't want to place additional or financial stress on those that love you by forcing them to pay for your funeral as well. Rather be prepared and have all your individual insurance coverage sorted out from the get go.